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've got a very positive environment given all the other good things that have been said over and above that, that if we go over the cliff, if there's a real possibility, then we'll see consumer incomes go down and like i said earnings expectations are likely to be revised lower, so what do we like fundamentally? >> pretty defensive areas in many cases there? >> i would say that -- >> thank you. we've got to go, guys. thank you for your thoughts and ideas today on our beloved fiscal cliff. >> five days to go and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we're simply not going to see the democrats take th
parents more choices to put their children in an environment that they can succeed. it's an idea that works. we can look around the country at states that try to create a more business-friendly environment, not because they're for businesses or for any political reason or they're for special interests, but they know the only way to get jobs and prosperity and create opportunity is to create an environment where businesses can thrive. we make it political here. and we ask our constituents to make choices between employers and employees. but states like texas have created a business-friendly environment with lower taxes and less regulation. they've passed some laws that reduce the risk of just frivolous lawsuits. and what they've seen is businesses moving to their state. they've seen jobs and opportunity created not for the top 2%, but expanding a middle class, creating more opportunities and more tax revenues to do the things at the state government level that we all want for everyone that lives there. this is not for a few. this is for 100%. and you see specials now on tv compari
, indeed, adapts to the space environment and the additional data allows us to permit man to a lunar mission. >> apollo program got us to the moon but it almost cratered. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >> everybody knew a lunar mission was extremely dangerous under taking. a man died on a launch pad during a dress rehearsal. they were helpless to save him. >> friday january 27, '19 # # 6 they enter conducted a preflight test. test conductors were about ready to pick up the camera the instrument showed an unexplained rise in the oxygen flow into the safety. about 6 seconds later the voice of ed white came over the intercom. >> we have a fire in the cockpit. >> a fire in the cockpit. >> they were inside a spacecraft in pure oxygen. that's a recipe for disaster. all they needed was a spark and they got one. >> from a piece of expo
a couple. in this uncertain environment there's nothing better than a good old fashioned turnaround story. a three headed turnaround. clean up the balance sheet, vegas is improving, china is growing too. bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. how you feel about that? >> i feel really good about that. i follow this closely. expedia is a good partner of the inn that i own. i know how powerful they are. this consolidates them in europe. is it enough reason to buy expedia? i liked expedia beforehand. i like it even more now. shane in georgia. shane? >> caller: hey, jim. merry christmas. >> same to you. i like the falcons here. i like them. i got julio. j.j. is on my team. he's done fabulous. i know he watches. thank you. go ahead. julio is a close fan of "mad money." >> caller: with the fiscal cliff looming and with today's pullback and available funds to be invested, las vegas sands is a fine s
of hunter and gatherer in very resource poor environments for most nobody had any kind of wealth so any redistribution had to be done fairly equally or else it was obvious somebody was getting more than somebody else through unfair means. that is how it was throughout history. john: i wouldhink when we lived in the clan or the tribe there was an elder or a few of them who ran things. >> right, there is a chief or a big man that solves the problems, so we tend to look up to the alpha male. you solve the problem for us, you make the decision for us if we can't.wnç it. john: do you agree with that? >> with a lot of it. we live in an advanced industrial economy where market inlves millions of people interacting the don't have an understanding of the consequences and that kind of world. we evolved were the people around you were family, friends, people you are in intimate contact with everyday. our moral intuition of cooperation and sharing evolved from the small-scale operation where you knew everybody you are interacting with and you could see if they were contributing, whether they were
to control our preferences. we are victims of our environments growing up. we are victims of our context that we live in and, therefore, we all, you know, are not "responsible for that behavior and therefore should be mitigating." when you look at the testimony that comes in, whether it's from a mother or from neighbors or from teachers that are talking about really mitigating circumstances, they are the rotten social background kind of arguments, the abuse and the suffering that that individual experienced and those things show up in the brain. the brain is also a sponge. the brain isn't simply created by genetics and it's very much shaped by environment. and so my mentor john monaghan likened the problem of predicting violent people to predicting violent storms. when you think of meteorology, you think of the difficulty of classifying a hurricane and tracking a hurricane, making judgments about such complex behavior that has sort of chaotic premises underlying it, you're going to make lots of mistakes. you're going to make lots of mistakes in both directions. sometimes you're going to
. that is the environment, really, and has little to do with the overall world business environment. it is a question of confidence. the insurance company, they did not think it could happen. that is the same reason, the same pressure that will keep you from getting funding. that being said, find a way. do it. when i said he will do a lot more, i believe that every person of your age or younger, every person in the earth your age or younger, can go into orbit in his lifetime if he wants to. think about that. have people been able to say that? or at least two space. >> i wanted to thank you for taking time out of your day to come and talk to us. have you ever grown tired of your craft, and if so, how do you continue and improve your drive toward your career? >> have i grown tired in designing and building airplanes? >> yes. >> you know, i thought i did when i retired. i spent the last four months of a 46-year career working 70 plus hours a week, working in the shop. i wanted to get the flying car, that new design, flying before april 1, when i was going to retire. i worked on christmas day, a few mont
and sprendz of course the situation here is is different being in the environment we are in. even then there is still a lot of things look around and be thankful for. other thing interesting out here is he seeing all the different nationalities and how everybody kind of celebrates in their own way with makeshift decorations and really cool environment. ♪ heaven and nature sing. some of our u.s. troops got together with nato counterparts to sing christmas carols and making the best of it interesting information out of the pentagon. the u.s. army is reporting that it's taking action to stop the growing terror threat in africa now. beginning next year. army officials are saying that they will send small teams into as many as 35 african nations to train and equip africans against extremists. this comes amidst violence in north africa including september 11th attack on the u.s. consulate in libya. officials have said terrorists with ties to al qaeda may have carried out that assault killing our ambassador, chris stevens and three other americans. and the commander of an elite team of
environment. that's our first responsibility inside a school is the learning environment. you don't want to make this an armed camp for kids. i don't think that's a positive example for children. we should be able to figure out how to enhance safety. >> the mayor of marlboro sports control but armed guards will give a sense of comfort. >>> people packed a church to mourn the victims of friday's shooting rampage. more than 250 people were at a vigil last night. a 44-year-old man shot and killed three people at three different crime scenes while driving through blair county. police killed the gunman in a shootout. the investigation still ongoing. >>> well, "time" magazine named president barack obama their much-anticipated person of the year for 2012, but another world leader that snagged the number one spot in "time's" reader poll with 5.6 million votes and here to tell us who it is. nadia. >> well, he's the world youngest leader and appointed by his father and he's none other than the leader of north korea, kim jong-un. >> he is pretty controversial, how did he win out against all these
watch your backstop, in anyone this your environment, before you fire at anybody. and so, every police officer, just because we wear a badge, we're not superheroes. it takes discipline and it takes training and then you expect, in a crisis, that we can perform at least to the levels that we've trained at. >> well, that's the hope. sheriff one final thing for you. i want to read you a quote, republican president dwight eisenhower who said back in 1957, "it will be a sad day for this country if children can safely attend their classes only under the protection of armed guards." what does that voice from the past say to you about today's america and your proposal? >> well, circumstances -- circumstances certainly have changed. do i want to see a teacher or a principal be armed? i don't. but this is a circumstance and the threat that we're presented with today. the same way, would we ever imagine asking pilots who are charged with this awesome responsibility of flying an aircraft, and yet here today, because i fly armed, i have to meet the pilots, and they say, sheriff, i'm armed. the othe
pass ld. >> right. >> how do you expect to see this play out in this particular political environment? >> well, i think the difference is this is 9/11 national pain. yes, aurora was significantment, stockton, aurora significant, but the fact is 20 children lost, i mean, it's on the minds of everyone. and i think the president is taking charge of this issue. i'm actually optimistic. i think the easy path obviously is you have the semiautomatic ban somehow expires, that's the easy stuff. you deal with that, congress brings that back. the harder issue, i think, and the money issue is the issue of mental health. i think that really is where the focus is. a much broader comprehensive one. but you know what, miguel, i think that's going to be tough. i think that's a state issue, also. we have to deal with weapons as part of the formula, and i think we're on path for 2013 to see something coming out of washington here. >> richard, can you legislate mental health? is there some way to get a national card going? what are the possibilities here? >> they're going to need to do something, miguel,
down dramatically. and we've let our business environment get less and less efficient. we've let the cost of doing business rise up. we've got -- we're losing many, many more investment decisions and business activities to other countries than we're getting back. and yet, the political debate including the one we're having this morning is really not about the really important things. it's not about skills. it's not about the fundamental structure of reforms we need to make in our budget, our tax system. we're kind of -- we've gotten ourselves into a kind of a short-term day-to-day dialogue. we're not really addressing the real issues. >> a couple things going back to jpmorgan. first of all, we learned time and time that no man, no human being is smarter than the markets. not anybody. that's number one. and number two, with regard to the banks and the size of the bank, we got rid of glass steegle which allowed investment banking to combine with commercial banking because we needed to be big to complete globally. what has it brought us? i would say not so much. is it really true th
a sudden they will be operating in truly hostile environments where they do not have the hearts and minds of the people themselves. the latest reports out of syria, though, show no progress on the diplomatic front. so far the one peace enjoy who has been able to meet with president bashar al-assad has walked away with every one of the meetings, including won't day saying we are at the same point we were before a civil war going on, and bashar al-assad saying he's not leaving and will continue to fight even if that means killing thousands of more of his own people. >> reporter: it seems to be so difficult was bashar al-assad continues to blame all of this on insurgents or terrorists if you will. >> reporter: i'm sorry, say again. we're having a problem with the signal. >> reporter: i apologize for that. the problem really lies in bashar al-assad's stand. he continues to blame awful his attacks on his own country coming from terrorism. >> reporter: well, he may have a point at some level in that sense, kelly. you have the rebels who are based there inside of syria, a number of them are hard
to lay better eggs in this environment? >> no, but you'll be encouraged and inspired. >> reporter: fancy chickens do lay colored eggs, green and red. i tried one. it's really good. really good. i would definitely pay $100,000 for that egg. dan harris, abc news, new york. >> give it some gas, dan. >> the jet pack looks cool. the hen house, come on, now. every day. that looks like a good gift because that's something if you have that kind of money you can get into, you know what i mean? >> until you crash it. >> i don't have that kind of money. merry christmas, everybody. >>> this morning on "world news now," trouble times two. the west coast gets slammed again by powerful storms at the worst of times. >>> and with the tremendous snowfall and powerful wind swept rain, mother nature is not spending christmas and other parts of the country christmas cheer. it's monday, december 4. >> from abc news, this is "world news now." >>> and good monday morning, on this christmas eve. good to have brandy back in the house. it's been good. we had a little eggnog. >> we're making it a festive holiday. >
of the majority of republicans. his own republicans in a house. that is tricky about the current environment. dennis: his party left him hanging last time around on that plan b. if we go over the cliff and don't get a deal by january 1st, can't they get a deal week or two later? is not the end of the world. >> absolutely right those things get very hard. making a fix to the alternative minimum tax which will hit millions of americans at the end of the year unless something is done, retrofitting that will be difficult. it will be hard to get over the market's psychological impact of going over the cliff even briefly. one of the interesting things is the markets have been very blase about this. they think something will happen in the last few days of the year. if that doesn't happen there will be a psychological jolt because expectations will not have been met. that won't be a good thing but washington be in washington you can retrofit any solution and walk it back to the first of the year even a couple weeks into the year. dennis: a little bit of hope. thank you. shibani: starbucks taking of
into these homes. thing that's make the environment much more manageable for someone who is going to have that challenge for their lives they're providing us an opportunity in our lives to get us back. >> michael lost both arms and burned over 85% of his body. a convoy ran over a roadside bomb he found out difficulties trying to get thinged staffed and stuff so. they decided to build a
economic environment, unfortunately. >> a wealth manager says need to austerity speculation before making big purchases. look at the money you have and the money you need and decide if you really need that next big purchase. harris? >> harris: the upside is to get your values in order, it sounds like. molly, good to see you, thank you. >> good to see you. some new signs the housing market might be bouncing back. home prices for the month of october are up in more than a dozen cities compared with last year. analysts say the higher prices are recovering even as it moves into the quieter sales period. home construction dropped a bit from october. it was still higher than it was last november. experts say builders are on track to start working on the most homes in four years, which could help create more construction jobs. well, from the supreme court battle over president obama's healthcare overhaul to the deadly meningitis and west nile outbreaks. 2012 was a very busy year in health news. dr. manny alvarez from the fox news medical a team has a recap. >> 2012 tense year at the intersection
environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> the russians don't want anybody in spain but the spanish. is that scary? they're communists, yes, but they want total disarmament? no. is that scary? hitler and mussolini are using the spanish earth for testing ground for what they want -- another world war. is that scary? you're darn right it is. >> barbara streisand in "the way we were." that's my synchle favorite movie. i told robert redford when he came in. he said he was resisting your call for a sequel ever since. >> it's such a good story, the sequel. i'm still after him. >> he's never made a sequel to anything. he doesn't believe in sequels. >> i understand that. this happens to be a great story. i wanted it to be released on the 25th anniversary. >> what would have happened? >> it was just a very interesting story through their daughter and her political activism at berkeley in 1968 and the d
me ask you about another big issue in washington right now. in this toxic environment any chance that the president can make any headway on his desire to change the laws around guns? >> it's another big question. you saw what happened on friday. the nra, the national rifle association, came up with their first response to the newtown tragedy and there shouldn't be any new gun control. you heard wayne lapierre, only way to stop a bad guy with a gun is a good guy with a gun and prominent nra members came out like senator joe manchin and limiting magazine clips. i believe something will come out. the key is speed and that's why the president has asked vice president biden to come back with his recommendations before the end of january. >> the trick is given how partisan things are, will that happen? all right, george, merry christmas, great to he have you. and be sure to join george when his guests include asa hutchinson, the head of the nra national school shield program. >> big show for george this morning. >>> moving on now while it's not as dire as the whole fiscal cliff situati
there ♪ ♪ hey ♪ it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management ♪ >> welcome back, time for news by the numbers. 22,000 how many job applications delta received for just 300 flight attendants jobs. officials say they received two applications every minute after posting the position online. bye-bye. 48 years how long they thought they were married before they found out the marriage was never legal. they just made the marriage legal after the license was never turned in after their wedding. i wonder whose fault that was, left it on the mantle. finally, 100 the number of cities vying for the best city for men, ratio men to women and other factors and accord to go men's health, raleigh north carolina is the winner, so, single men go down there. kelly. >> kelly: i used to live in raleigh. more and more kids are smoking pot than ever before and a ne
women do quite well in those types of environments. technology helps both allowing people to handle different aspects of their lives but it can be a great environment to have a fulfilling career. >> you have worked with a very interesting, strong man. what is that like? any tips? >> larry summers, mark zuckerberg, at the white house. it's very interesting all these big guys want you to run their staff. how you handle them? -- how do you handle them? >> the common thread in a lot of the relationships with strong man is a kind of openness. by having that openness, you develop a real, trusting relationship. this is both with women and men, but i think one of the unique features of mark zuckerberg, he basically live the mission of the company, give people the power to connect and share to make the world more open, and he lives by that. he sits in the middle of our campus and his conference room is a glass box. >> does he come in every day? >> every day. he rarely travels. you cannot get him out with anyone else, but he is just sitting there living the mission. >> what is he doing? >> if
. >> do you want that in an environment? that a is a situation that has to be addressed. i don't think it is the only situation. >> reporter: i asked earl curtis if he thought it was a good idea to arm principals and teachers. he did not. he said you really need somebody who knows what they're doing and has the training, maybe just police officers. but to put people in charge of guns with no training, is a big problem. >> many of us saw, felt it first hand, we'll reflect when we come back. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid m
was raised in a pretty strong faith environment with my family. and i certainly had this at my school. and i don't disagree with you. i think it's all sorts of things, larry. it's the lack of parental guidance, as well. i think it's the breakdown of the social fabric of the family in america and many other countries. but the particular problem for america, which no other country that has the video -- britain has mental health issues, britain has the same videos, the same hollywood movies, britain has all the social problems that america has albeit on a smaller scale. the one thing we don't have is guns. there are no assault weapons allowed for civilians. and guess what? we don't get mass shootings ever. >> you're not against handguns or rifles. >> no, absolutely not. and i fully respect the second amendment and the right to bear arms and defend yourselves. if a father or mother in a house wants to have a handgun or a pistol to defend themselves against an intruder, that is fine by me. i respect your second amendment, but nobody can tell me you need these assault weapons with 100 bullets in a
in this environment here now is mary, managing director with merchant forecast. you are a secret shopper, right? do i understand that correctly? >> come on. we have a team across america and the team is comprised of retail professionals. and they -- monitor stores across -- >> shop for a live. >> they shop for a living. it is a tough life. yes. they -- answer questions for us and compile the data and we publish our reports. >> the numbers that came out today were disappointing. we have now seen retail stocks fall for three days in a row because this holiday season is looking bad. is it that bad? >> it was going into last friday. and -- again, we cover the mall. going into last friday, everybody was panicked. because they weren't seeing the kind of retail -- >> retailers were panic. >> yes. those days before christmas, it spurred up. whether it pulls out the month is another store write. it looks promising for particular retailers. we have some -- we have some bright spots out there. cosmetics is great. we love ulta. lululemon setting the trend for all of that. >> two of my faves so par. >> costume je
on safety. schools are a sensitive environment as well, but you can provide safety and security with armed, trained personnel without putting fear in anyone. >> asa hutchinson heading up the nra school safety program. thank you for your time this morning, sir. >> thank you, candy. >> there's not much where the president and the nra see eye to eye but violence and the media may be one. up next, a cultural warrior in his own right, senator joe lieberman. to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delive
discusses the political environment as we go into 2013 and the tone of american politics today. "washington journal" live at 7:00 a.m. eastern on c-span. >> the tapings system was top secret. seems the only people who knew for certain where my father, his secretary, and the secret service agent who installed it. that was until president nixon made white house taping famous and infamous, and other presidential recording systems were revealed. against the backdrop of watergate, the background of secret taping can seem problematic, but this is a unique and invaluable historic resources. on these tapes, history unfolds in real time in the most dramatic possible way. we hear the tense confrontations of the civil rights movements and the life or death decisions being made during the cuban missile crisis. >> caroline kennedy joined in on a discussion on the 1962 recordings of the late president in the oval office. tuesday evening at 7:00 p.m. eastern on c-span2. >> there were a number of attributes and memorial services last week for senator daniel inouye of hawaii. his remains have laid in state
with other guests as well, that talked about the merger and acquisition environment. it is a glaring lack of activity. i don't want to make too much of it, take a look. you can see how they've done this year. in line with 2010. up ever so slightly from 2011. remember, we have record low borrowing rates in the high yield market, not to mention from banks as well. leverage ratios have crept up, so you can get debt that equals 5.5, or 6, or even more times the company you're acquiring. all of that would argue for more activity on the part of the leverage buyers. we've had jim woolery at jpmorgan saying, yeah, i can cut you a $10 million check. we haven't seen the big deals. one reason, simply put, flow begets flow. when there's a lot of activity, you get even more. there is a company looking to be shed of this business, or achoirs another business, they may look to shed another business as well. that might be an audience that private equity is part of. when you aren't having that level of activity, you may not get even more from the lbo. but something we've run up against lately does seem to
, most secure environment for them. >> reporter: it all began back on september 26th when a parent reported misconduct. the army quickly reviewed surveillance video and found several young children, all under the age of 5, were physically abused. charges of simple assault were filed. but parents were still in the dark. two days later, on september 28th, they are hand adler saying only that this is a report of alleged mistreatment and inappropriate behavior by staff. >> all along, this first week when we were being sort of given piecemeal information, denied access to the videotapes, we were also being asked if we wanted to seek medical care for our child. >> reporter: medical care for what? >> for what? obviously we wanted to understand and see with our own eyes, since that evidence was available. >> reporter: she was horrified when she finally saw the surveillance tape of her child. >> obviously you don't ever want to see your child subjected to that kind of assault. these were the caregivers we entrusted them to every morning. >> reporter: november 7, the army started checking ot
volkswagen. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> american cities are growing, but their infrastructure isn't keeping pace. urban population increased by 12% between 2000 and 2010, four out of every five americans live in cities or suburbs. but look at the list of cities with the best infrastructure in the world. what's missing from this list? america. not a single american city makes the top ten. the highest by the way in america is atlanta at number 13. dallas at number 15. washington, d.c. at number 22. in the world. the richest country in the world doesn't make the top ten in terms of city infrastructure. this is from mercer by the way. the survey, it ranks cities based on electricity and water infrastructure. congestion, public transportation. and airport effectiveness. which is probably what got some of these american citie
8. the article cites a tough consumer environment in general and strong competition from rivals apple and amazon. >> and joining us now to talk more about this and what's going on in tech land, brian white, he covers tech and capital markets and he's coming to us from hong kong this morning, i believe. good morning to you. >> yeah, good morning, andrew. >> i don't know if you had a chance to see this that "new york times" piece this morning. but i don't know what it portends not only for microsoft but for the other players and others that sell windows devices. >> well, i'll tell you what, you know, we went to taiwan and china in october and the buzz around windows 8 fell off a cliff from the june time period. so there's a lot of enthusiasm in june at the show in taipei. and by october, there was no enthusiasm. so i think a lot of the momentum had been lost and a lot of companies told me, look, it's really a second half of 2013 story. >> so what does that mean, not only for microsoft were but for the hardwaremaker? are being buying products from dell and the like and buying the w
who's been trained for sensitive environments that can provide the protection, an added level of security and other security measures, not just that. let the teachers teach and let others protect. >> i think that some people would agree with the idea of having armed security guards in the school if the community wanted it, but they would also say at the same time we have to have some commonsense restrictions on guns. you shouldn't have high-capacity magazines that can shoot 30 bullets. senator manchin said background checks for those who buy them at gun shows, not just from registered dealers. what's wrong with those? >> i think it takes away -- it -- whenever you pass those kind of laws, you think, well, we've done something. we've somehow made our children more safe, so you go home. i don't think the job is really accomplishing anything if you take that approach. >> but why not do both? >> because the children will still be unsafe. >> why not do what you're recommending and have gun control? >> well, i don't think that's the solution. congress can debate that. i will focus m
in case they want to find a low security environment in which to go and steal weapons. new york has a problem with terrorist cells. so we also know which houses don't have guns. this is a severe danger to the community that this newspaper has brought about. >> gretchen: like i'm thinking, let's say now that somebody goes to rob one of these homes that they know they don't have guns, let's say something horrible happens, do those homeowners then have a lawsuit against the newspaper? >> you know, i don't necessarily think so. but i do think it would be smart for the homeowners and the gun owners to give notice to the newspaper that they fear for their security and their safety, that of their families and they would ask their -- the names and addresses be unpublished for purposes of safety. that's the minimum they can do at this point and ask for a written response from the newspaper. >> gretchen: very interesting. let's read the statement. this is from the journal news, the newspaper. the massacre in newtown, connecticut remains top of mind for many of our readers. our readers are und
tournament is housed in warren county. what we trio do is foster environment where people and businesses want to come to warren county. so we actually have the lowest marginal tax rates of the surrounding counties and we try taphouse there are environment to where we know we can only do so much in government. so essentially we don't try to do all things to all people. so in a lot of ways we say no more than we say yes, which i think is one of the keys in government is not just thinking about your own political vested interest, 'cause it's easy to make friends in politics by saying yes to everybody. if you think a checkbook is not really yours or the taxpayers, it's someone else's and you can pass out money like it's candy, everybody in the world is going to love you. but when you sit around and look somebody in the eye and say no, they tend not to like you. we've got the ability to do that inside of warren county. >> eric: a lot of municipals are having a hard time because of unions. how is your union contract? have you renegotiated any of those? or are those that were put in place years ago
of these are fights where the president has largely been absent. take guns or the environment, for example. and let's not forget about the rest of the world where any number of foreign policy entanglements could overwhelm the most carefully laid plans. let's bring in dana milbank and msnbc contributor jonathan capehart also of the "washington post" to help me sort out how does a man get it done in the second term? dana, you know, they say that the second term a president really has about 18 months to get anything done and after that you're pretty much a lame duck. now, of all the things i just listed, what do you think he should and what do you think he will try to tackle first? >> well, karen, first of all, i don't think he needs to surrender to the idea that he only has that 18-month period. it's not without precedent to achieve things later in the term. so, first of all, it's not necessarily such a narrow window. the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix,
and we are all products of our environment. the valley of death, the korengal valley was called that because of the amount of contact we were taking, the amount of firefights. small arms fire, rpgs, rockets, whatever it may be. that tour for us was a 15-month tour, which was -- that's pretty long for -- >> that's a long time. >> -- for some young people. and we did what we were trained to do. we engaged the populous. we're there to hopefully make their lives better. help them out, find better ways to help them do the same thing they've been doing. and when i wrote the book, i wrote the book to one describe the valley, but, two, to describe the people around me. so often i'm congratulated or patted on the back or thanked. i've never done anything in the military alone. that's one the military does really great, is build a team and keep the team together. and kind of writing the book, i was able to put my buddies' names in print and highlight the actions that they have done, because there's so many great things that men and women in uniform do every single day and we don't hear ab
dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit
environments to really play havoc with it towards the end of the year, and i think a lot of political capital will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit. you'll see the analysts start to upgrade it. >> that being b of a. >> wait until the dow goes higher on your list for 2013. >> we don't do anything with respect to the theories of the dogs of the dow, but the generic sense of buying laggards for future outperformers is a broad one. higher growth names outperforming versus last year which was more defensive. what you do is look at the real laggards, hp and intel come to mind real quickly. >> right. >> they are down low for very good reasons. they are reason to be the desk top computing is definitely under siege with more mobile computing. the management issues with hp. all of those things need to be ironed out and as a result the stocks have underperformed. >> are you saying you
, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20% range. >> chad, what are your expectations? >> well, i think you're going to go over the cliff, but you're going to get a mini bargain. any market dislocation you have over the next 15 trading days, i'd be a buyer. in the long run, we have the economy that's improving, stall speed, but that will gradually increase over the course of the year. once you have some more certainty. so, you'll get some capital spending, you'll get retail investors that will be a little bit more optimistic as well as institutional inves or thes will start to click and up their equity allocation. >> where does 2013 end up for the market? >> i'm looking very positive. i'm bullish in premise
. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax rate goes on 55% and the capital gains tax rate expected to increase from 15% to 20% and the brand new 3.8% medicare tax on wage earners above 200,000 a year and a possible future cap on general deductions is all part of that renewed interest and estate planning. among those closely watching what the president and top congressional leaders do over the weekend to avoid going over the cliff, millions of married couples facing a higher tax burden. the bush-era tax law which eliminated the so-called marriage penalty for joint filers is expiring, meaning with couples with nex
tax environment. for instance, i don't think an investor would say, i'm going to shun higher dividend stocks, because now my tax rate is up. unfortunately, it will be higher, but you still will pursue dividend stocks. >> got it. peter. thank you. happy new year to you. peter anderson of asset management. >>> still ahead, the head of the campaign to fix the debt joins us live. what needs to happen so we can get a deal done and can it done at this meeting the today? also ahead, we're live from the port area of bay young, new jersey, with an update on a possible strike that could affect businesses from texas to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the
the street and into treatment. we're not doing this in this country. >> has the environment changed, mr. lapierre? the supreme court has confirmed gun owner rights in this country, mayor bloomberg was on the program last week saying you tried to get the president not to be reelected u, you failed i this effort. each said you don't have the clout that you had politically in this town in past debates. >> the american people, i know one thing about them, they value their freedom. when the reality of the consequences of what the politicians in this town and the media and elites want to do to their rights and take them away, i think they'll do what they've done historically, defend the freedom. the american public knows the scene of the crime, it's a criminal and a victim. mayor bloomberg, new york city, if you're rich and your famous, you get your permit, if you're a .300 hitter with the mets ush get a permit, a big developer, you get a permit, wall street executive, you get a permit, the mayor's buddy, you get your permit. if you're a guy in the bronx, most in need of protection, you're flat o
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